Human Resources Analytics: Leveraging Human Resources for Enhancing Business Performance

Human resources (HR) analytics enables managers to replace decision-making based on anecdotal experience, hierarchy, and risk avoidance with higher-quality data-driven decisions based on data analysis, prediction, and experimental research. Human Resources analytics underscores the value of HR data...

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Bibliographic Details
Published in:Compensation and benefits review 2023-01, Vol.55 (1), p.31-45
Main Author: Madhani, Pankaj M.
Format: Article
Language:English
Subjects:
Compensation
Data analysis
Data quality
Decision making
Human resources
Rewards
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Summary:Human resources (HR) analytics enables managers to replace decision-making based on anecdotal experience, hierarchy, and risk avoidance with higher-quality data-driven decisions based on data analysis, prediction, and experimental research. Human Resources analytics underscores the value of HR data by emphasizing how people create value for the organization, so that value can be captured and leveraged. The research discusses transition of HR analytics with a linear three-stage maturity model and explains progression from traditional HR analytics to new age HR analytics. Research provides various key requirements for successful deployment of HR analytics in the organizations. Human Resources analytics focus on various HRM activities including selection, appraisal, compensation, rewards, and development to maximize their impact on organizational performance. Research also provides various illustrations of HR analytics deployment across various industries.
ISSN:0886-3687
1552-3837
DOI:10.1177/08863687221131730